HK’s US en­voy: ‘One coun­try, two sys­tems’ is key to eco­nomic well-be­ing

China Daily (Hong Kong) - - 20TH ANNIVERSARY OF HKSAR - By WANG LINYAN in New York and LIA ZHU in San Fran­cisco Con­tact the writ­ers at wan­glinyan@chi­nadai­

With the full sup­port of the cen­tral gov­ern­ment in Bei­jing, the prin­ci­ple of “one countr y, two sys­tems” has en­abled Hong Kong to cap­ture eco­nomic op­por­tu­ni­ties from the Chi­nese main­land’s de­vel­op­ment, while re­tain­ing a sys­tem that pro­vides au­ton­omy over trade and eco­nomic poli­cies, said Cle­ment Le­ung, Hong Kong com­mis­sioner to the United States.

“This has given busi­nesses the trust, con­fi­dence and pre­dictabil­ity to thrive in the re­gion,” Le­ung said in re­marks on Wed­nes­day in New York. He spoke at an event or­ga­nized by the Hong Kong Eco­nomic and Trade Of­fice to cel­e­brate the 20 th an­niver­sary of the es­tab­lish­ment of the spe­cial ad­min­is­tra­tive re­gion.

Since Hong Kong’s re­turn from Bri­tish rule, not only have Hong Kong emigrants re­turned from Canada, Aus­tralia and the United King­dom, but it now has a strong in­flow of ex­pa­tri­ates, Le­ung said. The US com­mu­nity there has nearly dou­bled and the French pop­u­la­tion has tripled since 1997.

New sec­tors have emerged along with the de­vel­op­ment of the pil­lar sec­tors of trade, fi­nance, tourism and pro­fes­sional ser­vices, he said.

Hong Kong has de­vel­oped into the largest cen­ter for the off­shore ren­minbi busi­ness and its Stock Con­nect pro­grams of­fer in­ter­na­tional in­vestors ac­cess to the Shang­hai and Shen­zhen stock mar­kets.

“I’m con­fi­dent about the fu­ture of Hong Kong, be­cause suc­ces­sive gen­er­a­tions of Chi- nese lead­ers want Hong Kong to suc­ceed and our peo­ple con­tinue to have this cando spirit to get things done,” Le­ung said.

On the same day, hun­dreds of peo­ple from the over­seas Chi­nese com­mu­ni­ties of the San Fran­cisco Bay Area gath­ered at the Chi­nese con­sulate there to cel­e­brate the 20 th an­niver­sary of the re­turn of Hong Kong to China.

Chi­nese Con­sul- Gen­eral Luo Lin­quan said he was proud of the suc­cess­ful prac­tice of the “one coun­try, two sys­tems” pol­icy over the past 20 years and pleased with Hong Kong’s great eco­nomic and so­cial achieve­ments. He said he had full con­fi­dence in the bright fu­ture of the spe­cial ad­min­is­tra­tive re­gion.

Luo said he wit­nessed the his­toric re­uni­fi­ca­tion cer­e­mony in Hong Kong on July 1, 1997.

He said: “Hong Kong has main­tained pros­per­ity and sta­bil­ity, the peo­ple of Hong Kong have lived in peace and con­tent­ment, and the in­ter­na­tional com­mu­nity speaks highly of it.”

Un­der the cen­tral gov­ern- ment’s poli­cies, the num­ber of Chi­nese main­land tourist trips bal­looned from 2.36 mil­lion in 1997 to 42.7 mil­lion in 2016.

Hong Kong con­tin­ues to in­ter­act pos­i­tively with the Chi­nese main­land, said Luo. T h e Ho n g Ko n g - Z h u h a i - Ma­cao Bridge will be com­pleted by the end of 2017, and the Hong Kong sec­tion of the Guangzhou-Shen­zhen-Hong Kong Ex­press Rail Link is sched­uled to start op­er­at­ing in the third quar­ter of 2018, sub­stan­tially short­en­ing travel time be­tween Hong Kong and the main­land.

“I be­lieve that un­der the lead­er­ship of (the in­com­ing chief ex­ec­u­tive), Car­rie Lam Cheng Yuet-ngor, Hong Kong peo­ple will strive to main­tain Hong Kong’s pros­per­ity and sta­bil­ity, take full ad­van­tage of the un­prece­dented de­vel­op­ment op­por­tu­ni­ties of the coun­try, and work to­gether with the peo­ple of the main­land to jointly write a new chap­ter in Hong Kong’s his­tory,” Luo said.


Hong Kong res­i­dents dis­play the front page of China Daily Hong Kong Edi­tion in Cause­way Bay to wel­come Pres­i­dent Xi Jin­ping, who ar­rived in Hong Kong for a three-day visit on Thurs­day.

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